Sterling holds after BoE's Carney remarks

British pound remained steady against most of the major currencies, especially US dollar, as the Bank of England (BoE) President Mark Carney comments continued to evoke market's concerns.

Carney has warned markets of the continuing uncertainty about the Brexit and the lack of clarity about Britain's exit from the EU by an agreement or not.

Carney also said that the trade disputes between the United States and other countries are putting pressure on the global economy, slowing down its growth and thus affecting the British economy.

In a related context, the leader of the opposition Labor Party, Jeremy Corbyn, said that his party will seek to approve the British parliament to hold a second referendum on the Brexit.

Global markets was quiet trading today as a result of Wall Street's official holiday in observance of the Independence Day.

In terms of trade, by 15:19 GMT, GBP/USD rose by less than 0.1% to 1.2581, with a high of 1.2592 and a low of 1.2569.